Why Rent When You Can Buy With No Money Down

Are you have difficulty coming up with 5% down payment.

If you have good credit and good income we have a solution for you.

To qualify, you must have a credit score of at least 650, and have your own closing costs of 1.5% of the purchase price.  You must also be a full time employee, for a minimum of 1 year, not on probation.

Qualifying is easy, just complete a mortgage application. We can give you an approval within 24 hours

How does it work ?

Example- $ 300,000 Purchase price. – the bank advances $15,000 down payment on closing to the lawyer

$300,000 -  15000 = $ 285,000 plus 2.90% mortgage insurance premium  = $293265.00 total mortgage that must be repaid.  ( 25 year amortization)

The term of the mortgage is 5 years and the interest rate is the posted rate of the bank. 30 and 35 year amortizations are also available.

You must have $4500.00 in closing costs.

Properties that are eligible include new construction homes, Single family unit or duplex or Type A vacation properties. The property must be owner occupied

Call for Details.